He does, just that he didn't explain it properly.The lower rate quoted is the ask rate, the rate at which you will sell it to the bank. The bid rate will be higher and the interbank rate somewhere in between
Agreed, as most of Pakistan's export are of traditional items like textiles and food...
He does, just that he didn't explain it properly.The lower rate quoted is the ask rate, the rate at which you will sell it to the bank. The bid rate will be higher and the interbank rate somewhere in between
And what will he do with all the gains made in PKR? If he tries to convert it to INR he is back to square one. Its an opportunity for you guys, see PKR and buy $s
Just divide the GDP with percapita income, you will get the population which comes to around 44million in 1960. Population of undivided Pakistan was around 90million in 1960.
Point 1- Most of India's external debt is due to FIIs buying bonds of Private Companies, so its a good thing.
Point 2- Most of Pakistan's external debt is used to pay off interest on previous debts
Hence, yes. Indias debt is good, while Pakistan is in a crisis.
Compared to the size of the economy, just 20.5%. Secondly the figures are as of March 31, since then billions have been pulled off by FIIs from India's bond market. The figure would be considerably less now. Thirdly unlike Pakistan, most of the external debts are not held by the govt, and even...
RBI didn't spend $19 Billion to strengthen the dollar. The fall was in reserves was mainly due to FIIs booking profits and rise in imports due to higher oil prices. The intervention from RBI was minimal as a strong rupee was never a policy of the RBI